The first pricing window of June 2026 is expected to witness increases in the price floors of petrol and Liquefied Petroleum Gas (LPG), while diesel prices are projected to decline slightly.
The latest pricing outlook released by the National Petroleum Authority attributes the expected adjustments to developments on the international petroleum market and prevailing local market conditions.
According to the outlook, the petrol price floor for the first pricing window of June has been set at GH¢15.20 per litre, representing an increase of GH¢0.60 from the GH¢14.60 per litre recorded during the second pricing window of May.
LPG prices are also expected to rise, with the price floor increasing from GH¢13.16 per kilogram to GH¢13.48 per kilogram, reflecting an upward adjustment of GH¢0.32.
Diesel prices, however, are projected to decline marginally. The diesel price floor has been set at GH¢15.49 per litre, down by GH¢0.32 from the GH¢15.81 per litre recorded in the previous pricing window.
The price floor represents the minimum price at which petroleum products may be sold by Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs).
In accordance with the Petroleum Products Pricing Guidelines (PPPG), all OMCs and LPGMCs are required to comply with the approved price floors for the pricing period under review.
The NPA clarified that the approved price floors do not include premiums charged by International Oil Trading Companies (IOTCs), operating margins of Bulk Import, Distribution and Export Companies (BIDECs), or the margins retained by marketers and dealers, as these are independently determined by the various industry players.
The latest price adjustments come after government reviewed fuel relief measures introduced to cushion consumers against rising fuel prices triggered by tensions in the Middle East.
Under the revised intervention measures, government removed the GH¢0.36 per litre subsidy on petrol and reduced the GH¢2.00 per litre subsidy on diesel to GH¢1.07 per litre at the start of the second pricing window in May.
Authorities say the revised relief measures will remain in place for two pricing windows and may be reviewed further depending on future market developments.
